Barney's:
On June 22, 2006 Jones Apparel announced they have found a buyer for Barney's New York, an upscale department store chain. They reported that a private equity firm out of Dubai will purchase 34 stores and two semi-annual warehouse sales for a nice $825 million. Jones paid less than half that when they purchased the company three years ago.
http://www.marketwatch.com/news/story/jones-apparel-finds-buyer-barneys/story.aspx?guid=%7B233B58DD%2D49A1%2D4290%2DBBEE%2DC1BEF49A2AD8%7D&siteid=yhoof
Macy's:
Thats right! The newly name-changed company, formerly Federated Department Stores, Inc., has been rumored that it may be a target for takeover. Friday Macy's stock ended up around 6.5% due to the speculation of the takeover. The speculation stemmed from the movement of the stock recently and 22,515,618 shares were traded Friday compared to an average of only 6,984,260. The rumor is unconfirmed and who knows the jump volume may be due to insider information about something that is to be released that would kill the stock price!
http://finance.yahoo.com/q?s=m & http://biz.yahoo.com/ap/070622/macy_s_speculation.html?.v=3
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1 comment:
Great commentary, Social Media channels have allowed brands to engage, communicate and above all listen to what their customers are saying.
Canali
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